Petrobras CEO: We’ll Double in Size, Dividends Won’t
August 02, 2011 at 14:11 PM EDT
In a visit to New York Tuesday, the CEO of Petrobras, Brazil's government-controlled oil company, talked up exploration prospects, but said investors shouldn't expect dividends in light of a $225 billion in spending plan through 2015. Petrobras shares have been in the doldrums over the past year.
